Bitcoin is Becoming a Global Currency

[deisik]

And how will we be in their control after they'll legalize Bitcoin and make it an official payment method? The politicians are looking to control as much as they can so they can steal as much as possible from us. Most of our money (and I'd say it's over 75% of it) goes to their pockets, unlike the promises they're making everytime before they're elected. It's all about beautiful words, you know.

Our money is being stolen by the corporations. Politicians are also on their payroll. It is 0.01% of the world population which control these corporations, and the vast majority of the wealth (including that in paper money) is controlled by them.

I don't see any way for them to steal bitcoins even if it becomes legalized they wont have any control on it, they may create their own coins against bitcoin and make people use their own digital currencies in order to be connected with banks so in that way they might do the same again in digital era too.

I don't think things are so simple as they seem to be

Corporations and politicians may not be able to literally steal bitcoins, but they still can steal Bitcoin purchasing power. And to do that, they would be interested in full legalization of Bitcoin, however counterintuitive that might sound. Since the amount of bitcoins, like gold, is limited, they could deal with Bitcoin in exactly the same way as they dealt with gold. They might establish derivative markets and start trading paper bitcoins very much like paper gold is traded today. And just like they control the price of physical gold through gold futures and options which are only cash-settled and don't imply physical delivery, the price of Bitcoin could be controlled in essentially the same way, i.e. through paper bitcoins, namely, cash-settled Bitcoin futures and options

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[jonpande]

Why not..but maybe it will happen for a long time due to the limited distribution of bitcoin, I hope that one day he will become a global currency Bitcoin was great and I hope it is used by many people and many countries I believe it will happen in the future ,

[Aamir1]

And how will we be in their control after they'll legalize Bitcoin and make it an official payment method? The politicians are looking to control as much as they can so they can steal as much as possible from us. Most of our money (and I'd say it's over 75% of it) goes to their pockets, unlike the promises they're making everytime before they're elected. It's all about beautiful words, you know.

Our money is being stolen by the corporations. Politicians are also on their payroll. It is 0.01% of the world population which control these corporations, and the vast majority of the wealth (including that in paper money) is controlled by them.

I don't see any way for them to steal bitcoins even if it becomes legalized they wont have any control on it, they may create their own coins against bitcoin and make people use their own digital currencies in order to be connected with banks so in that way they might do the same again in digital era too.

I don't think things are so simple as they seem to be

Corporations and politicians may not be able to literally steal bitcoins, but they still can steal Bitcoin purchasing power. And to do that, they would be interested in full legalization of Bitcoin, however counterintuitive that might sound. Since the amount of bitcoins, like gold, is limited, they could deal with Bitcoin in exactly the same way as they dealt with gold. They might establish derivative markets and start trading paper bitcoins very much like paper gold is traded today. And just like they control the price of physical gold through gold futures and options which are only cash-settled and don't imply physical delivery, the price of Bitcoin could be controlled in essentially the same way, i.e. through paper bitcoins, namely, cash-settled Bitcoin futures and options

That is true, and if that happens then there will be no difference between bitcoin and paper money or any other asset used in physical world, the dreams of people of using bitcoin for an ease of access to their funds would be ruined in that case.

[markyminer]

Bitcoin is becoming a global currency? i hope so. Because bitcoin is used by the people in the whole world. If this things happen it is good for me, is simply because it's not ruled or controlled nor issued by the government or bank. It is more usable in terms of transactions and it have no tax.

it is not only good for you, but it is good all the people who are using bitcoin, as bitcoin is easy to be use everywhere in the world having equal value in all over the world. you do not need to convert it in any other currency if you are doing shopping in any part of the world.

[Senor.Bla]

Yes bitcoin is used all over the world but only a few thousand in every country if bitcoin wants to become a global currency i think is should be used by 1/4 or half the human population.

yes that is a fact that bitcoin is almost using all the countries of the world therefore to me bitcoin is alread a global currency. more and more  people of the world are entering in the filed of bitcoin and making bitcoin becoming more and more stringle

yes that is a fact that bitcoin is almost using in all over the world, but the number of bitcoin users is still very low, as most of the people still do not know about bitcoin. bitcoin still need good advertisement so that people may know about bitcoin.

No doubt about it bitcoin now is being used as global currency by those people who only know bitcoin but still we may say that it is still not applicable or quite sort of. But in conclusion, there are people from different countries that has been using bitcoin in the long run as investment, currency and trading platform globally.

Though bitcoin is used all over the world by people living in different countries, but it is still not that much a global currency as it is not yet legalized or used in many countries, i heard only about a few countries where bitcoin is used or accepted in physical world otherwise it is just a internet currency.

it does not need to be legalize to be called as global currency, the volume of supporters is making it possible and no matter this is not legal as long as it's no illegal also we can still succeed in the future. The fact that we have freedom in here then it would certainly attract people to adopt.

yes that is a fact that some thing that is not legalize cannot become a legal currency, for becoming globalize it is necessary for some thing to become a global currency that it should be use through out the world, and i think bitcoin is using in all over the world almost in all the countries of the world.

But it can be also legalize when majority of the people are using it even it is still not being considered by the government. So if the people are shouting to legalize bitcoin and adopt it as global currency then the government will don't have choice but to legalize it. As they do believe in Vox Populi.

very often politicians tend to be for or against something solely based on the what will bring me more votes. but this requires a much bigger user base and in order to get this legalization would be helpful. it is a circle.

And how will we be in their control after they'll legalize Bitcoin and make it an official payment method? The politicians are looking to control as much as they can so they can steal as much as possible from us. Most of our money (and I'd say it's over 75% of it) goes to their pockets, unlike the promises they're making everytime before they're elected. It's all about beautiful words, you know.

i do not think the all politicians are bad. or after our money. wanting to control us. some of them sure are, but most of them are not smart enough and would not be able to get a real job, so they want to stay in office as long as possible and tend to go with the flow of the votes.

[richmcrich]

Bitcoin is becoming a global currency? i hope so. Because bitcoin is used by the people in the whole world. If this things happen it is good for me, is simply because it's not ruled or controlled nor issued by the government or bank. It is more usable in terms of transactions and it have no tax.

it is not only good for you, but it is good all the people who are using bitcoin, as bitcoin is easy to be use everywhere in the world having equal value in all over the world. you do not need to convert it in any other currency if you are doing shopping in any part of the world.

Yes, I am the one who is heavily suffering due to forex exchanges as well as dollar's appreciations. When I save some fiat for my business either in local fiat or in USD, I will be fine without any currency conversions but if happens to convert almost every time I will loose around 4% - 6% in exchange differences.

But with bitcoin savings, I am always safe. I never need to worry about bitcoin value or usd as bitcoin is always getting appreciating and moreover if things are priced based on bitcoins then there will not be any big issues.

[madwica]

Bitcoin is now global currency which are all countries can used this but there are only few online stores accepting bitcoin. And more users wishing that we can spend it in groceries store directly without exchanging to fiat.

[royalfestus]

It is a global currency used by few from the developed countries, owning a larger percentage by the rich and educated. I only know a person physically who trades and use bitcoin. The high demand of a cap bitcoin currency will definitely increase the price of the coin. The anonymity make it a hidden investment by the corrupt politicians. Ability to trade on the internet with it make it a mobile wealth that can just be kept in my portable device.

[Positid]

It is a global currency used by few from the developed countries, owning a larger percentage by the rich and educated. I only know a person physically who trades and use bitcoin. The high demand of a cap bitcoin currency will definitely increase the price of the coin. The anonymity make it a hidden investment by the corrupt politicians. Ability to trade on the internet with it make it a mobile wealth that can just be kept in my portable device.

Exactly, therefore we will not waste our time just watching it grow, we need to made the right action from now on.. We, the early adopters must benefit with bitcoin in the future because it's all about digital money in the future and bitcoin will lead.

[goldcoinminer]

It is a global currency used by few from the developed countries, owning a larger percentage by the rich and educated. I only know a person physically who trades and use bitcoin. The high demand of a cap bitcoin currency will definitely increase the price of the coin. The anonymity make it a hidden investment by the corrupt politicians. Ability to trade on the internet with it make it a mobile wealth that can just be kept in my portable device.

Exactly, therefore we will not waste our time just watching it grow, we need to made the right action from now on.. We, the early adopters must benefit with bitcoin in the future because it's all about digital money in the future and bitcoin will lead.

Yeah, always take the opportunity to invest since the adoption rate is not that big, once we will achieve a massive adoption the price will significantly increase and we cannot benefit for it when we do not invest now. It's risky and we know that but it's better than gambling.

[Skarner21]

It is a global currency used by few from the developed countries, owning a larger percentage by the rich and educated. I only know a person physically who trades and use bitcoin. The high demand of a cap bitcoin currency will definitely increase the price of the coin. The anonymity make it a hidden investment by the corrupt politicians. Ability to trade on the internet with it make it a mobile wealth that can just be kept in my portable device.

Exactly, therefore we will not waste our time just watching it grow, we need to made the right action from now on.. We, the early adopters must benefit with bitcoin in the future because it's all about digital money in the future and bitcoin will lead.

Yeah, always take the opportunity to invest since the adoption rate is not that big, once we will achieve a massive adoption the price will significantly increase and we cannot benefit for it when we do not invest now. It's risky and we know that but it's better than gambling.

Well there is no wrong to invest in bitcoin since its already tested or already happen last year and old year.. that the price will continues to increase but
For me i am not still satisfied for some reason that the price will increase more in the future. bitcoin is unpredictable and the price of bitcoin last 3 years or 2013 that the price is already reach 1k value.. looking for answer why is this happening before but i have idea i think it is because many investors are come and the bitcoin circulation are fewer than now.. that is why that the price of bitcoin hit 1k value.. and right now because we have many miners and supply is increasing due to number of miners the price will slowly increase even our reward per block was half by 12.5 btc per block..

[groll]

And how will we be in their control after they'll legalize Bitcoin and make it an official payment method? The politicians are looking to control as much as they can so they can steal as much as possible from us. Most of our money (and I'd say it's over 75% of it) goes to their pockets, unlike the promises they're making everytime before they're elected. It's all about beautiful words, you know.

Our money is being stolen by the corporations. Politicians are also on their payroll. It is 0.01% of the world population which control these corporations, and the vast majority of the wealth (including that in paper money) is controlled by them.

 

It is a global currency used by few from the developed countries, owning a larger percentage by the rich and educated. I only know a person physically who trades and use bitcoin. The high demand of a cap bitcoin currency will definitely increase the price of the coin. The anonymity make it a hidden investment by the corrupt politicians. Ability to trade on the internet with it make it a mobile wealth that can just be kept in my portable device.

Exactly, therefore we will not waste our time just watching it grow, we need to made the right action from now on.. We, the early adopters must benefit with bitcoin in the future because it's all about digital money in the future and bitcoin will lead.

Yeah, always take the opportunity to invest since the adoption rate is not that big, once we will achieve a massive adoption the price will significantly increase and we cannot benefit for it when we do not invest now. It's risky and we know that but it's better than gambling.

Well there is no wrong to invest in bitcoin since its already tested or already happen last year and old year.. that the price will continues to increase but
For me i am not still satisfied for some reason that the price will increase more in the future. bitcoin is unpredictable and the price of bitcoin last 3 years or 2013 that the price is already reach 1k value.. looking for answer why is this happening before but i have idea i think it is because many investors are come and the bitcoin circulation are fewer than now.. that is why that the price of bitcoin hit 1k value.. and right now because we have many miners and supply is increasing due to number of miners the price will slowly increase even our reward per block was half by 12.5 btc per block..

Bitcoin would be a prime candidate for this concept, as this borderless currency can be used everywhere in the world in the same manner, as well as be exchanged for all major local currencies.But there’s more to Bitcoin than just being part of an investor’s portfolio, mind you. Sending funds around the world takes a handful of seconds, making it a perfect solution for the Digital Age our society is slowly transitioning to. Also, Bitcoin is essentially a free market, based on supply and demand, without mingling by governments, authorities, banks, or any other overarching institute.

[BitFinnese]

Bitcoin would be a prime candidate for this concept, as this borderless currency can be used everywhere in the world in the same manner, as well as be exchanged for all major local currencies.But there’s more to Bitcoin than just being part of an investor’s portfolio, mind you. Sending funds around the world takes a handful of seconds, making it a perfect solution for the Digital Age our society is slowly transitioning to. Also, Bitcoin is essentially a free market, based on supply and demand, without mingling by governments, authorities, banks, or any other overarching institute.

In my opinion, Bitcoin is already a global currency, not a mere candidate.  The fact that people, wherever they are in the world, can use Bitcoin as a mode of payment to stuff that they wanted to buy, and the presence of the Bitcoin to local currency exchange only means that this entity recognises Bitcoin as a global currency.  It does not need approval from any government to be a global currency, but the adoption of people to use it, and support of several companies that believes in it is enough proof that Bitcoin is a global currency.

[mastica]

I so see bitcoin as a global currency already, as i can travel almost all countries and i will find an atm or a local trader to exchange my bitcoins for local currency. If i dont wanna those i can get a debit card and spend my bitcoins, i do believe those card does work as others cards. Besides that anyone can send any ammount between countries without problems, people does consider bitcoin a currencie as well a payment processor already, isnt recognized from the countries yet.

[arseaboy]

I so see bitcoin as a global currency already, as i can travel almost all countries and i will find an atm or a local trader to exchange my bitcoins for local currency. If i dont wanna those i can get a debit card and spend my bitcoins, i do believe those card does work as others cards. Besides that anyone can send any ammount between countries without problems, people does consider bitcoin a currencie as well a payment processor already, isnt recognized from the countries yet.

Bitcoin are getting more popular to some areas and it won't be long enough that most of the people worldwide soon will be able to use bitcoin and use it as an alternate currency.

[ArdiPrabowo]

iam agree you write
bitcoin can a global curency, but only digital curency not real curency
and bitcoin the first leading digital curency in the world, above in paypal user

[Positid]

iam agree you write
bitcoin can a global curency, but only digital curency not real curency
and bitcoin the first leading digital curency in the world, above in paypal user

It is since it's not regulated by the government, but we do not need the government since we are decentralize, it will defeat the purpose. We the adopters are making this digital currency successful and this is our right to use this.

[BitcoinPC]

iam agree you write
bitcoin can a global curency, but only digital curency not real curency
and bitcoin the first leading digital curency in the world, above in paypal user

It is since it's not regulated by the government, but we do not need the government since we are decentralize, it will defeat the purpose. We the adopters are making this digital currency successful and this is our right to use this.

As we all know that in many government not accept the bitcoin, but instead of it people use it and also earn from it, That's why we can call that bitcoin is a global currency, because bitcoin is one and only one digital currency which gain very popularity and it give us great opportunity to make our life easy to behalf of online digital currency Bitcoin, that's why we want to accept the bitcoin as a global currency.

[blackmachinegun]

I so see bitcoin as a global currency already, as i can travel almost all countries and i will find an atm or a local trader to exchange my bitcoins for local currency. If i dont wanna those i can get a debit card and spend my bitcoins, i do believe those card does work as others cards. Besides that anyone can send any ammount between countries without problems, people does consider bitcoin a currencie as well a payment processor already, isnt recognized from the countries yet.

Bitcoin are getting more popular to some areas and it won't be long enough that most of the people worldwide soon will be able to use bitcoin and use it as an alternate currency.

I think it will take a long time, I think the adoption of bitcoin is running slow it is a problem, but you do not need to worry, bitcoin will continue to be popular in the future
took a little effort from the user if want faster bitcoin popular

[robiulawal]

hope it's come true over the world..
Still many days to count on.